I’ve bought over $100 million worth of self storage. It took looking at over 5,000 deals to get it done. What I'm about to tell you is not a full underwriting process. It is not comprehensive. This is the back-of-the-napkin work I do to see if a deal is worth spending more time on. You'll learn really quick in[...]

So you have a . Your new business must provide a service either faster, better or cheaper to carve out a slice of the pie and be successful. So your market analysis needs to be a deep look at the main companies offering the same service you plan to offer in your area considering these three criteria:[...]

I haven't been as active on here lately. As some of you know Dan and I are doing big things right now. We're closing on the big self storage facility refinance in about 2 weeks and will be pulling out about $2.1MM in equity in the form of cash. We were considering selling the property after we got a nice offer[...]

Starbucks spent 10 years spending big money each year, I’m guessing 10s of millions of dollars, getting followers on Facebook. The plan was simple. The goal was to get followers and then reach them organically and drive value over time. Right now they have 36 million followers on Facebook. Well it turns out[...]

How much money does a lawn care company make? This full time owner with a part time employee generated over $100,000 in revenue and $70,000 in profit working 54 hours per week for 32 weeks over the summer. AND he graduated from a top 15 business school in the middle of his busiest month. Impressive! Andrew Huber,[...]

Entrepreneurship culture in America is all messed up and it’s a shame. TechCrunch. Product Hunt. Shark Tank. It’s all about new ideas. Changing the world. Innovation. 0 to 1. Blue ocean. Venture capital and exits and scalability.And ITS ALL A LIE. If you ask the average American who a real entrepreneur is they’ll[...]

If you don't know who Naval is then apply this to any tech founder from silicon valley you know and worship and read about. I listened to Naval on Joe Rogan during my travels this week. I'd be interested in hearing your thoughts on this stuff. His tweetstorm and the JRE podcast . I'm a fan of Naval. I love his[...]

You do not need to quit your job. Yet. Money and time are your most important assets. You need to free as much of each of these things up as you can in order to invest them in your new (side) business. Lean out. Bank your money. Sell your expensive cars. Don't buy the overpriced house. Rent for now. Pinch pennies[...]